Settings8H · net · $10k
Funding arb · Price arb /

XLM

all XLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0223%/8h= −24.4% APRnext payment $0.28 per $10,000 · paid last 24h −0.035%
Price spread now: gTrade (Gains Network) against Phoenix+0.094%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. gTrade (Gains Network) is 0.094% dearer against Phoenix than usual: you sell high and buy low (spread +0.094% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 34 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix XLM0.21620.0221pay 0.0028% / 1h25m 18s$5K$41K5x
ShortgTrade (Gains Network) XLM/USD0.2164L 0.0000% / S +0.0002%pay 0.0000% / 1h25m 18s$4K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Phoenix. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$46.88
Price spread: +0.094% → 0.000%
$9.44
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$54.44
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Phoenix: no order-book sample; gTrade (Gains Network): no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix no order-book sample
Sell gTrade (Gains Network) no order-book sample
Phoenix and gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XLM on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) XLM/USDshortL 0.0000% / S +0.0002%1h0.2164+0.094%$4K150x
dYdX XLM-USD+0.0016%1h0.2161−0.013%$23K$3K10xas long as short
Aster XLMUSDT+0.0100%8h0.2163+0.084%$586K$804K75xas long as short
Binance XLMUSDT+0.0100%8h0.2165+0.139%$56.2M$151.0M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2164+0.102%$44.0M$43.8M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2164+0.102%$13.1M$42.4M50xas long as short
Gate XLM_USDT+0.0100%8h0.2163+0.060%$4.1M$6.2M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2165+0.139%$26.4M$26.3M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2164+0.102%$14.6M$10.6M75xas long as short
Bitget XLMUSDT+0.0100%8h0.2164+0.125%$25.9M$19.1M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX XLM-USDT+0.0100%8h0.2165+0.143%$7.0Mas long as short
Variational Omni XLM+0.0100%8h0.2163+0.075%$297K$1.2Mas long as short
edgeX XLMUSDC+0.0100%4h0.2161−0.035%$12K$298K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2165+0.143%$600K$617K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2164+0.111%$173K$256K50xas long as short
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2164+0.111%$3K$2K10xas long as short
SunX XLM-USDT+0.0100%8h0.2162+0.032%$2K$1.7M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2165+0.134%$2K$6K5xas long as short
HTX XLM-USDT+0.0100%8h0.2163+0.074%$200K$272K20xas long as short
Phemex XLMUSDT+0.0100%8h0.2165+0.171%$9.1M$9.2M50xas long as short
Extended XLM-USD+0.0104%1h0.2164+0.118%$193K$1.6M10xas long as short
Backpack XLM_USDC_PERP+0.0190%1h0.2162+0.037%$102K$261K20xas long as short
BloFin XLM-USDT+0.0220%8h0.2165+0.134%$2.4M$6.0M75xas long as short
Phoenix XLMlong+0.0221%1h0.2162long leg$5K$41K5x
GMX XLM/USD [WBTC.b-USDC]L +0.0316% / S −0.0167%1h0.2164+0.115%$45K100xas long as short
Hyperliquid XLM+0.0328%1h0.2167+0.257%$12.3M$6.1M5xas long as short
Lighter XLM+0.0424%1h0.2169+0.328%$419K$812K5xas long as short
Coinbase International XLM-PERP-INTX+0.0432%1h0.2165+0.167%$233K$1.5M50xas long as short
Injective XLM/USDC PERP+0.0475%1h0.2035−5.857%$5K$238K12xas long as short
Kraken Futures PF_XLMUSD+0.0505%1h0.2165+0.173%$2.6M$2.7M50xas long as short
Deribit XLM_USDC-PERPETUAL+0.0582%1h0.2165+0.176%$537K$176K25xas long as short